LATAM and Avianca are Latin America’s first carriers to file for bankruptcy protection amid the pandemic, but they are unlikely to be last considering the slow pace at which the region’s governments have implemented financial assistance programmes.
Leasing giant AerCap is deferring deliveries of 37 aircraft which it had expected to introduce over the course of the next two years. AerCap says the measure brings to more than 100 the number of aircraft it had been intending to receive over 2020-22. The 37 which are ...
IATA is warning that the increased debt levels being racked up by airlines to counter the revenue shortfall during the coronavirus grounding means a slower recovery and the potential for failures remain even though state interventions have been made.
The Thai government is no longer a majority shareholder in Thai Airways after the country’s finance ministry reduced its stake to 47.86% from 51.03%. “After the reduction of shareholding percentage held by the Ministry of Finance in the company, the company shall cease to be a state enterprise under ...
EasyJet founder Stelios Haji-Iaonnou has failed in his attempt to oust the airline’s management team
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